Didnt anyone else pick up on the significance of 1.5m kYC'd persons?
This https://www.copyright link/business/banking-and-finance/neobank-revolut-to-launch-in-australia-20000-on-waiting-list-20181019-h16v4h
Revolut is valued at GBP1.7Bn, with 3m subscribers, almost all of which are underwater (ie make no money fo rthe company). Lets say GBP0.50 per subscriber vaulation.
ISX's KYC'd customers on the other hand are all traders, who punt 10's of thousands on FX.
What do we think thats worth per sub, if they were to;
-issue them IBANs?
-issue them debit cards linked to IBAN's ?
-link the subscribers to the entire merchant base, Paypal style?
ISX is getting deep and complex very quickly. Looks like its evolving into a full neobank and about to fire up on multiple levels and revenue streams.
Interesting what JK has been putting together these last two years. We know that banking isnt easy to get licensed, nor to build tech, nor is it cheap. We're sitting on a very very unique opportunity here I think
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